Aldgate is a compact suburb in South Australia within the Adelaide Hills local government area (postcode 5154). It is home to about 3,471 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $133K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Scottish.
Median house prices in Aldgate stand at $1.6 million, having jumped by 14.4% over the last twelve months. Units have a median price of $563,000 (-15.4% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,200.
Aldgate is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Adelaide Hills LGA is low at 1,671 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +14.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.